EUROPEAN FOB RDAM MARINE FUEL 0.5% BARGES (PLATTS) BALMO FUTURES - CONTRACT SPECS
| Contract Unit | 1,000 metric tons | ||||
| Price Quotation | U.S. dollars and cents per metric ton | ||||
| Trading Hours | Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET) | ||||
| Minimum Price Fluctuation | 0.001 per metric ton = $1.00 | ||||
| Product Code | CME Globex: R5BCME ClearPort: R5BClearing: R5B | ||||
| Listed Contracts | Monthly BALMO contracts listed for 3 consecutive months. BALMO contracts which would have a start date within the final 5 business days of a contract month are not listed. | ||||
| Settlement Method | Financially Settled | ||||
| Floating Price | The Floating Price for each contract month is equal to the balance of month arithmetic average of the $/mt quotations from Platts European Marketscan for "Marine Fuel 0.5% Barge" under the heading "Barges FOB Rotterdam" assessment starting from the selected start date through the end of the contract month, inclusive. | ||||
| Termination Of Trading | Trading terminates on the last business day of the contract month. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 1404 | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
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